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2014

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Forsters has advised Europa Capital on the sale of a portfolio of retail and office properties to a REIT sponsored by Canaccord Genuity for a sale price of £76.7 million. This is the first purchase by the REIT since it was launched.

Forsters has advised real estate fund manager Moorfield Group and shopping centre asset manager Plus Shops Retail, in relation to an agreement with Premiere Cinemas to re-open the five screen, 755-seat cinema which forms part of the Capitol Shopping Centre in Cardiff.

Forsters has advised a pension fund managed by LaSalle Investment Management in relation to the £16 million forward funding of a student housing development in the heart of Norwich. The developer is Alumno Developments.

Forsters has advised overseas high net worth investors in relation to the purchase of the long leasehold interest in a prime West End investment property at 17 and 19 Wigmore Street, London W1. The purchase price was £11.3 million.

Forsters is recommended across 17 practice areas including nine listings for commercial real estate and five for private client – the firms' two core areas of expertise. In 'Real Estate- Commercial Property' the firm has moved up a tier to second place. In 'Private Client Personal tax, trusts and probate' the quote consolidates a growing reputation within the market:

Forsters has advised a private family trust on the acquisition of 24 St James's Square, W1 for a purchase price of £42 million. The office building has been acquired with vacant possession and fronts onto both St James's Square and Pall Mall.

Forsters has advised logistics and industrial property specialists, Evander Properties Limited, and longstanding client British Airways Pension Fund in relation to the award-winning development of a bespoke distribution centre located in Coulsdon, south London for the online grocery arm of leading UK supermarket retailer, Waitrose.

Commercial Real Estate partners Victoria Towers and Magnus Hassett and their team have advised longstanding client Rockspring Hanover Property Unit Trust on the acquisition of a portfolio of 10 industrial estates and an office park for a purchase price of £62,070,000.

Forsters' market leading commercial real estate team has advised long-standing client Scottish Widows Investment Partnership (SWIP), now part of Aberdeen Asset Management, on its disposal of 35 Marylebone High Street, W1.

The building was the former home of BBC London. It has been sold to luxury residential developer the Royalton Group for £75 million.

Forsters has advised Auto Trader Limited (which operates in the UK through its flagship brand Auto Trader), in respect of the letting of 60,000 sq ft at Ask Development's Number One First Street in Manchester.

On 24 February, The Court of Appeal delivered a landmark Judgment relating to the recovery of rent from a corporate tenant in administration where the administrators continue to make use of the premises after their appointment.

Leading real estate law firm Forsters LLP is pleased to announce the appointment of Christian Charles to its construction team.

Christian joins Forsters from Hogan Lovells International LLP, where he qualified as a solicitor in 2009. Forsters’ team of construction specialists now consists of two partners, five assistants and one trainee.